• July 22, 2024

PAY UP: Biden Makes “SHOCKING” ‘Clarification’ On Middle Class Tax Hikes

 PAY UP: Biden Makes “SHOCKING” ‘Clarification’ On Middle Class Tax Hikes

If anyone thought that Joe Biden and his cronies were telling one tidbit of truth on the campaign trail then they are just as pointless as a screendoor on a submarine. However, there are those out there that believe Biden is a truth-teller and that he also won the election without cheating. HA!

So, as word has begun to spread that Biden has already begun backing out of many of his key promises he made during the election, there are those who are honestly shocked. I am not too sure why they would be shocked or stunned since that is what Democrats do. They only use the narrative that works for them and then change it for someone else.

However, we could give Biden the benefit of the doubt since it is a strong possibility he doesn’t even remember saying any of these “promises” in the first place, right?

At any rate, the mainstream media is not even challenging Biden on his about-face on many of his sudden policy changes and that seems about par for the course. When Donald Trump was in office these vitriolic journalists would attack him at every second they could with their fact-checkers to keep track of all the ‘lies’ he allegedly told.

Then as it turned out many of those if not all of them have come out to be true but the left would never admit it. These rabid leftists will just turn their back on the many lies that Biden has told while continuing to call Trump and his supporter’s names.

In any event, back to the Post. The paper decided to shut down its Trump fact-checking operation rather than leave it intact so that the ‘non-partisan’ paper maintained the infrastructure to fact-check the incoming administration of Joe Biden.

And we know why that happened: The Post is nothing more than a propaganda outlet for the Democratic Party, and the editors there knew Biden and VP Kamala Harris were not going, to be honest with Americans.

Like, say, about taxes.

Biden said recently that his tax increases to pay for the trillions and trillions of dollars he wants to spend would come from corporations and wealthy Americans earning $400,000 or more. The disgusting class warfare nature of this predatory tax scheme that punishes success aside, it turns out that Biden wasn’t being honest about that.

Axios has more:

President Biden’s promise not to raise taxes on Americans who make less than $400,000 only applies to individuals — not married couples filing jointly, a White House official clarified to Axios on Wednesday.

Why it matters: The declaration means a hypothetical couple, with each spouse making $399,999, would not escape the tax increase even though they individually earn less than $400,000.

“Their combined income would be $799,998, which the White House believes is sufficient to help underwrite the expanded social safety net the president is proposing,” Axios continued in its exclusive.

But the lying didn’t stop there. Biden also plans to raise the top rates on higher earners — families making $509,300 (who comes up with these numbers?) — from 37 percent (which is already obscene) to 39.6 percent (more obscene because it’ll mean Uncle Sam will get more than one-third of what these people earn). The higher rate would also apply to individuals above $452,700.

This is a far cry from what the British were taxing our forefathers and a helluva lot more than the 7 percent tax imposed on Americans earning over $500,000 when the current income tax regime was implemented in 1913.

Worse, the Biden regime is attempting to whitewash the lie, which is to be expected.

“Consistent with the president’s campaign proposal, we are proposing to reverse the tax cut for the top bracket by returning that top tax bracket to what it would’ve been under pre-2017 law,” a White House official told Axios. “That applies to less than 1% of Americans — the very top earners.”

It doesn’t matter who it applies to; confiscating more than a third of what any American earns is outrageous, especially when you consider those are the folks who start and build businesses and who hire people.

But they won’t if their earnings are going to pay for young, white liberals’ free college and their neighbors’ daycare.

How do we know? Axios tells us.

“The top 1% would owe an average of $260,000 more per year under Biden’s proposal, according to an analysis by the Urban Institute’s Tax Policy Center,” the outlet reported.

The wonderful economy Donald Trump built that lifted all boats, regardless of status or skin color or anything else, is about to be destroyed in a single year by Biden and his Democrats. And they won’t even be honest about it.

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